The Series A Crunch Is Over. Consumer Internet Is Back, Baby!

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Adam Rifkin is co-founder and CEO of PandaWhale, an online network of interesting things and people. You can find him on Twitter at @ifindkarma
Remember exactly a year ago when I said that Facebook will be fine but Zynga won’t be? Turns out I was right. Remember three years ago when Naval Ravikant of AngelList and I declared that Twitter was massively undervalued? Also correct. So I’m ready to make my next bold prediction: The Series A Crunch is over.
Mind you, I’m declaring this while at least half the venture capitalists I know are on vacation. Doesn’t matter. I belie
(IT news)

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AngelList’s Naval Ravikant joined us in the TechCrunch TV studio for our Ask A VC series, where we put VCs in the hot seat.
Ravikant talked about the currency of Silicon Valley, which he says is deals shared, talent referred, and acquirers introduced. He explains that AngelList, a service he co-founded that matches early-stage startups with investors, puts these transactions online.

Editor’s note: Erik Rannala is co-founder and managing partner of MuckerLab. Follow him on Twitter @ersf.
Much has been written about the Series A crunch that is facing entrepreneurs and their investors. Those who believe the crunch is upon us contend that a significant number of seed-funded startups will not be able to raise follow-on financing.